Tradeweb’s new electronic marketplace for European equity derivatives

A new European electronic marketplace for equity derivatives is being launched by Tradeweb. The dealer-to-customer equity options platform is in response to demand from market participants and is intended to increase efficiency and transparency on the derivatives markets, as regulators are demanding. Nine of the largest equity derivatives dealers have already committed support to the […]

Banking Technology Readers’ Choice Awards: shortlist announced

The shortlist of vendors whose products and services have been voted for by Banking Technology readers has now been compiled. The results are listed below, with the three most-nominated companies in each category listed alphabetically. The winners will be announced at a gala dinner on 17 November at the Grosvenor House Hotel in London. For […]

New roadmap for standards convergence

Swift, FIX Protocol Ltd, Financial Products Markup Language, International Securities Association for Institutional Trade Communication, Extensible Business Reporting Language US and the Financial Information Services Division of SIIA (FISD), have updated their Investment Roadmap, first published two years ago. The roadmap’s purpose is to "provide market participants consistent direction when using financial services messaging standards […]

New fund of funds platform at Citi

Citi’s Global Transaction Services unit is licensing youDevise’s fund of funds software platform to better service its clients’ needs, including giving portfolio managers the ability to look at the liquidity terms of underlying hedge fund investments, track and analyse underlying fund performance, run ‘what-if’ trade scenario analysis, pre and post-trade reporting, and automated FX hedging for […]

Metro Bank’s hosted mortgages and ICT

Metro Bank is outsourcing its mortgage processing to BancTec, which will provide all the technical infrastructure and personnel in a fully hosted service. The retail bank is also entering into a multimillion pound ‘pay-as-you-grow’ managed services contract with niu Solutions to design, build and manage its entire ICT infrastructure, including on-site and hosted voice, data, […]

Bank of Ceylon UK installs core banking software

The Bank of Ceylon UK, newly granted an independent banking license this year, has chosen to install Misys BankFusion Universal Banking software to support its growth plans and intention to target overseas Sri Lankans for remittances, accounts and other services. The bank, recently spun off from the state-owned Bank of Ceylon as a standalone international […]

Alternative Trading System imminent from TMX Group

TMX is submitting regulatory filings to create a new ATS for the financial markets. TMX SelectTM, which is a wholly-owned subsidiary of TMX Group, is slated to launch in Q2 2011 and will offer a visible marketplace for trading equity securities. The new trading system will operate on the TSX Quantum trading platform, with functionality […]

RBS’s SEPA compliant and validated payments

RBS is introducing a range of global payment validation and data conversion services to the bank’s corporate customers, which will enable Single Euro Payments Area and other cross-border international payments anywhere in the world, to be made more quickly and accurately. Based upon Experian’s Bank Wizard software the new offering means RBS corporate customers can […]

Retail bank customers at Santander UK offered free security tool

Santander’s UK retail banking operation is offering all its customers Trusteer’s Rapport web browser security device free of charge in order to protect them against online fraud. The tool, which can be downloaded from Santander’s website, was originally rolled out to Alliance+Leicester’s online banking customers, but is now being extended to customers of what was […]

Borsa Italiana extends agreement for Cinnober’s market data solution

Borsa Italiana, part of the London Stock Exchange Group, is extending the licensing and support agreement it has with Cinnober for the real-time market data system DDM Plus for another year. The system will eventually be replaced by the new comprehensive LSEG IT platform currently under development by MillenniumIT, but until the migration to this […]